Domestic banks’ exposure to China remained at a record-high level at the end of last quarter, making China Taiwan’s largest debtor, the central bank said yesterday.
Outstanding international claims to China totaled US$52.02 billion (NT$1.56 trillion) on an immediate risk basis at the end of June, up US$3.17 billion from the previous quarter and marking the highest level in history, the central bank said in its quarterly report.
Taiwanese banks’ outstanding international claims to China also reached a record-high level at US$92.65 billion as of the end of last quarter, up US$11.3 billion from the previous quarter, the report said.
“The launch of Chinese yuan deposits in Taiwan led to a large amount of yuan deposits in Bank of China’s (中國銀行) Taipei branch, raising outstanding international claims to China,” Su Dao-min (蘇導民), deputy head of the monetary authority’s Banking Examination Department, said at a press conference in Taipei.
International claims comprise all claims on non-residents in all currency units and foreign currency claims on residents.
The total number of international claims on banks totaled US$215.6 billion at the end of the second quarter, up 6.75 percent from the level of US$201.96 billion recorded a quarter earlier, the report showed.
Claims on Luxembourg hit US$44.47 billion at the end of June, making it the second-largest debtor, followed by Hong Kong and the US, on which banks had a total of US$33.25 billion and US$30.45 billion of claims, respectively, statistics showed.
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